Auditing & Assurance
Audits are performed to ascertain the validity & reliability of information; also to provide an assessment of a system’s internal control. The goal of an audit is to express an opinion on the person/organization/system (etc.) in question, under evaluation based on work done on a test basis.
Due to practical constraints, an audit seeks to provide only reasonable assurance that the statements are free from material error. Hence, statistical sampling is often adopted in audits. In the case of financial audits, a set of financial statements are set to be true and fair when they are free of material misstatements - a concept influenced by both quantitative and qualitative factors.
Auditing is a vital part of accounting. MDHL & Associates takes care of all your audit requirements. We implement the best of industry standards in our audit processes and assist you with tailor-made solutions to meet your specific audit needs. Our experienced Chartered Accountants will evaluate the internal compliance mechanism of your factory and ensure that all reporting needs are complied with.
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